Page 3 - Q2 Results

Gammon India Q2 net loss widens to Rs 339 cr, revenue rises marginally

Gammon India on Monday reported widening of consolidated net loss at Rs 339.31 crore for the quarter ended September. The company had posted a consolidated loss of Rs 274.30 crore in the year-ago period. However, the company had posted consolidated revenue of operations of Rs 11.69 crore in the second quarter of the current fiscal from Rs 11.61 crore previous year, according to a regulatory filing. Gammon India is a leading physical infrastructure construction company. Besides its operations in the construction and infrastructure space, Gammon has a presence in energy business segment and operates in the hydro, nuclear and thermal power sectors.

LIC's shares jump nearly 6% after July-September quarter earnings

With a 10 per cent fall in equity markets, the embedded value of LIC declines by 7 per cent

NMDC Q2 net profit declines 62% to Rs 885 crore due to lower income

State-owned NMDC on Monday posted a 62 per cent fall in its consolidated net profit to Rs 885.65 crore during the quarter ended September, mainly on account of lower income. It had clocked a Rs 2,339.58 crore net profit during the July-September period of the preceding fiscal, according to a regulatory filing. The company's total income fell to Rs 3,754.77 crore in the second quarter of the current financial year from Rs 6,882.44 crore in the year-ago period. During the same period, expenses were at Rs 2,569.63 crore as against Rs 3,742.64 crore. The company is a leading iron ore miner.

GMR Airports Infra posts Rs 546 cr Q2 standalone loss on higher expenses

GMR Airports Infrastructure on Monday posted a standalone comprehensive loss of Rs 546.14 crore in the September quarter, mainly due to higher expenses. The company had a total comprehensive income of Rs 405.16 crore in the same period a year ago, according to a regulatory filing. These figures include net loss on fair valuation through other comprehensive income of equity securities. On the standalone basis, the company's losses from continuing operations narrowed to Rs 15.60 crore in the second quarter of the current fiscal. The loss from continuing operations stood at Rs 26.73 crore in the year-ago period. GMR Airports Infrastructure's total income stood at Rs 26.34 crore in the quarter ended September 2022, higher than Rs 0.36 crore registered in the same period a year ago. However, the total expenses jumped to Rs 41.94 crore in the latest quarter under review from Rs 27.09 crore in the year-ago period. The company had demerged its non-airport business and later the name was

McLeod Russel Sept qtr net up 6% to Rs 131 cr despite dip in revenues

Revenues from operations at Rs 425.06 crore were lower by 13.93% from the same period last year

IRCTC Q2 PAT up 43% YoY to Rs 226 crore, revenue from operation rises 99%

Total income of IRCTC grew 97.55% to Rs 831.79 crore from Rs 421.05 crore YoY

SpiceJet quarterly loss widens to Rs 838 crore on higher fuel prices

Losses widened to Rs 838 crore ($103.25 million) for the three months ended Sept 30

Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr

Impairments on financial instruments double YoY; income from operations almost flat at Rs 2,229.7 cr

Ramky Infrastructure Q2 net up 7% to Rs 51.97 cr, income drops to Rs 387 cr

Ramky Infrastructure Ltd on Monday posted a 7 per cent increase in consolidated net profit to Rs 51.97 crore for the quarter ended on September 30, 2022. The company had posted a consolidated net profit of Rs 48.42 crore in the year-ago period, Ramky Infrastructure said in a filing to the BSE. The consolidated income of the company during the second quarter dropped to Rs 387.94 crore over Rs 438.77 crore in the year-ago period, the filing said. Ramky Infrastructure Ltd is a public limited company serving diverse sectors including, construction business and infrastructure development projects in the country.

Mindspace REIT net operating income rises 16% in Q2 on strong leasing

Company's debt-to-market value stood at 16.8 per cent while the gross asset value of the portfolio increased by 3.3 per cent over March 2022 to Rs 27,300 crore

GE Power India reports Rs 112 cr Q2 loss, income dips to Rs 460 cr

GE Power India on Monday reported a consolidated net loss of Rs 112.57 crore in the September quarter. The company had reported a consolidated net profit of Rs 39.33 crore in the quarter ended September 30, 2021, the company said in a regulatory filing. Total income of the company dipped to Rs 460.08 crore in the quarter under review from Rs 790.31 crore in the same period a year ago. The quarter ended with an order backlog of Rs 4,095.8 crore, a statement said. "The second quarter of the financial year 2022-23 was mixed. The quarter was impacted as the company reported negative earnings growth, however, GEPIL is making progress in delivering on the business strategy to grow services, ensure the right mix of EPC & EP projects and grow industrial and private customers," said Prashant Jain, Managing Director, GE Power India. He said orders in the Services business segment are up by 42 per cent compared to the corresponding period of last year combined with good profitability. "We .

Edtech firm PhysicsWallah net profit rises multifold to Rs 97.8 cr in FY22

Edtech firm PhysicsWallah has recorded a multifold jump in its net profit to Rs 97.8 crore in the 2021-22 financial year, the company said on Monday. The unicorn edtech firm had registered a profit of Rs 6.93 crore in the previous financial year. The operating revenue of PhysicsWallah (PW) jumped close to 10-fold to Rs 234.09 crore in FY 2022 from Rs 24.6 crore in FY'21. "The success is accredited to our hardworking team and their intact focus on innovation. All our courses have recorded impressive traction and love from students, and we have also launched new courses to meet their demands. "These growth figures demonstrate our conscious efforts toward transforming education in India. We will continue to follow this philosophy and strive to bring more innovations in this ecosystem, PW founder and CEO Alakh Pandey said in a statement. PW started its journey in 2014 as a YouTube channel to coach JEE and NEET aspirants. It has further scaled into preparing students for multiple ...

Bharat Forge Q2 net dips 48% to Rs 141 cr on lower than anticipated sales

Bharat Forge on Monday reported a 48 per cent decline in its consolidated net profit to Rs 141 crore for the second quarter that ended September 30, 2022. The company had posted a net profit of Rs 270 crore in the July-September period of last year. Revenue from operations rose to Rs 3,076 crore in the period under review from Rs 2,386 crore in the September quarter last year, Bharat Forge said in a regulatory filing. The performance of the European operations has been adversely impacted mainly by lower than anticipated sales volumes for the aluminium forging business. The new greenfield aluminium forging facility in North America is still in a ramp-up phase and operating at utilisation levels below EBITDA breakeven levels, Bharat Forge, Chairman & Managing Director B N Kalyani stated. The company expects this business to turn around in the second half of the fiscal, he added. Looking ahead into Q3 FY23, we expect stable performance across both the domestic and export markets ...

Stock of this auto ancillary company has doubled in just 5 months

Shares of Fiem Industries hit a new high at Rs 2,024.95, and have rallied 22% in the past two days after the company reported 54% YoY jump in its consolidated net profit.

Stocks to Watch: Hinduja Group, RIL, SBI, LIC, M&M, Hindalco, KRBL, NDTV

Stocks to Watch Today: Shares of Apollo Tyres, Bharat Forge, Grasim, Indiabulls Housing Finance, IRCTC , MMTC, MTNL, SpiceJet and Strides Pharma are likely to see some action owing to Q2 results.

Manappuram Finance Q2 consolidated net profit rises 11% to Rs 409 crore

Manappuram Finance on Saturday reported a 10.7 per cent rise in consolidated net profit at Rs 409.48 crore for the quarter ended September 30, 2022. The non-banking finance company, which is mainly into gold loans, had posted a net profit of Rs 369.88 crore in the year-ago quarter. Sequentially, profit grew by 45 per cent from the June 2022 quarter. The company's consolidated assets under management (AUM) grew by 7.89 per cent to Rs 30,664.96 crore from Rs 28,421.63 crore a year ago, Manappuram Finance said in a release. The board of directors has approved payment of interim dividend of Rs 0.75 per share with face value of Rs 2 each, it added. The company's MD and CEO V P Nandakumar said, "We have posted a sequential increase in profit of 45 per cent. It is in line with our commitment to maintain operational efficiency even as we target growth." The gold loan portfolio of the South-based company was at Rs 19,190 crore, while the number of gold loan customers reached 24.1 lakh in

Patanjali Foods Q2 results: Net profit down 31.6% YoY to Rs 112.3 crore

Baba Ramdev-backed Patanjali Foods recorded a decline in profitability for the quarter that ended September 30 with total income at Rs 8,524 crore during the quarter, against Rs 6,010 crore in Q1 FY22

Aurobindo Pharma Q2 net down 41% to Rs 409 cr, revenue dips to Rs 5,739 cr

Aurobindo Pharma on Saturday reported a 41 per cent decline in its consolidated net profit at Rs 409 crore for the second quarter ended September 30, 2022. The Hyderabad-based drug firm had posted a net profit of Rs 697 crore in the July-September period of last fiscal. Revenue from operations also declined to Rs 5,739 crore in the September quarter as against Rs 5,942 crore in the year-ago period. Aurobindo Pharma Vice-Chairman and Managing Director K Nithyananda Reddy said the company's second quarter performance was subdued, mainly due to macro-environment factors and higher competitive intensity for some products in the US. "However, we are confident that our robust pipeline of new products will provide impetus to the future growth trajectory," he added. Reddy noted that company's continued focus on biosimilars, R&D, innovation and increasing manufacturing capacity will enhance its product offerings in various markets. "We are confident that, the right measures and growth-le

IREDA Q2 net profit surges 67% to Rs 184 crore on higher revenues

The Indian Renewable Energy Development Agency (IREDA) on Saturday posted 67 per cent jump in net profit at Rs 184.30 crore for September quarter 2022-23, mainly due to higher revenues. In the year-ago period, the profit after tax was Rs 110.27 crore, according to a statement from Ministry of New & Renewable Energy. Gross income rose to Rs 791.56 crore from Rs 682.94 crore. IREDA's Net Non-Performing Assets (bad loans) were reduced to 2.72 per cent in the quarter under review from 4.87 per cent in the same period a year ago. Its loan book stood at Rs 33,783.36 crore in the quarter as against Rs 28,856.48 crore earlier. The agency sanctioned loans of Rs 11,226.49 crore in the quarter as compared with Rs 5,925.12 crore in the same period a year ago.

RITES Q2 PAT drops 20% to Rs 140 crore, income declines to Rs 684 crore

RITES Ltd, a public sector transport consultancy and engineering firm, has reported 19.6 per cent decline in consolidated profit after tax (PAT) at Rs 140.20 crore for September quarter 2022-23. The company had logged a PAT of Rs 174.49 crore in the year-ago period, RITES said in a BSE filing on Friday. Income dropped to Rs 684.30 crore from Rs 788.85 crore in the year-ago period. "The trend of sequential growth as also seen vis-a-vis H1 (April-September) of the previous year continues despite a dip in the export stream of revenue. "The results reiterate our core strength and the USP (unique selling point) of having a diversified business portfolio," Chairman and Managing Director Rahul Mithal said. RITES is a miniratna public sector enterprise and a leading player in the transport consultancy and engineering sector in the country.